The Certified Financial Planner Board of Standards has imposed an interim suspension on a Havertown, Pa.-based financial advisor who faces more than 50 felony counts, including child pornography, according to a news release.

The suspension against Daryll D. Claxton was effective as of December 14, the CFP Board said.

According to the BrokerCheck website, Claxton is listed for pending charges, dated April 27. Those charges include child pornography, dissemination of photographs and films of child sex acts, the criminal attempt to disseminate photographs and films of child sex acts and criminal use of a communication facility.

Claxton, the site noted, was with TIAA-CREF Individual & Institutional Services from January 2018 to May 2020. Before that, he worked at Vanguard Marketing Services in Malvern, Pa. from 2007 to 2018.

The CFP Board said it learned that Claxton was named as the primary defendant in a case brought by Pennsylvania that charged him with more than 50 felony counts, none of which arose from the provision of financial services. The board counsel in November submitted a motion for an interim suspension, which required a response. Claxton, the board said, did not respond to the motion, as required by the rules.

On December 10, a hearing panel of the CFP Board’s Disciplinary and Ethics Commission determined that the board “demonstrated by a preponderance of the evidence that Mr. Claxton’s alleged conduct poses a significant threat to the public and that his alleged conduct significantly impinges upon the reputation of the profession or the CFP marks.” At that time, the panel issued the interim suspension order to Mr. Claxton.

An interim suspension, the board explained, is a suspension of a CFP professional’s certification and trademark license during the pendency of proceedings. Those subject to an interim suspension order must not use the CFP certification marks or state or suggest that they are CFP professionals while the order is in effect.

The interim suspension order is a temporary sanction and does not preclude the CFP Board from imposing a final sanction. The order will remain in place until the Disciplinary and Ethics Commission or, if an appeal is filed, the appeals committee, issues a final order.